The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Planet Fitness, Inc. (“Planet Fitness” or “the Company”) (NYSE: PLNT) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Planet Fitness is the subject of a research report issued by the Bear Cave on January 19, 2023. The report alleges that the Company is suffering from multiple problems including membership cancellation, consumer complaints to state government officials, and ballooning fees. Based on this report, shares of Planet Fitness dropped more than 3% in intraday trading on the same day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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